New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-05-10
CLOSING PRICES or CALIFORNIA s7oIK&
SAX FRAsosCo, May 9. 1877
CLosIy0 PRI0Es OF PAyLA DELPnIA srocKS

MONDAY, Nay 0-P. ~.
The second quarter Of tho New-Yorx. Lake Erie and
Western Railroads fiscal year has always been It's
in financial results aud the last quarter ended March
81, proves to DO no exception 10 the rule Yet
pared with the quarter OF the preceding years It's
official report to tho State Commi ssioners for tho
quarter ended March 81. 1887, shows 40
favorable have preceding comparisons For
the Rst quarter the net earnings from all
1913 so less than the quarters proportion
OF first charges but that 10 gain the quarter OF
1881 Of 5is7,092. Tie gain In gross earnings from
traffic was s536,3l5 and from other sources 1891.
But In accordance with the intimaiion of Pres.
dent King that further Improvements were made
at the expense OF operating expenses tho
charges TO that account for tho quarter
S2sioa2 greater of 1886 and $4,000 greater than
in 1885. that the earnings from all for tho
last quarter only $25i2o greater than In 1896
and $650O0o greater than in 1885 For the six months
of the companys fiscal year there is surplus Of earnings
of S263,416 againsta deficit of Sl95,24S for the
six mouths of the preceding year. The last six months
of last year wiped ont the first six months
deficit and gave surplus for the whole year
Of $4,000 The company starts its last
six months Of this year 45s6Gt better than did with
the last six months OF last year and with every prospect
that its net gains in the future will be greater than Ia
the past the forthcoming report for the month OF
April will attest This seems favorable opportunity TO
say those writer's who figure upon the net results from
the monthly statements issued Dy the company tnatn THO
monthly and tho annual reports made to the
stockholders all the taxes charged to expenses, who
the rule Of tho State Commissioners divides the taxes
part in part into first charges For example:
BY the monthly reports March 81 tho net earnings for
six months were $3,372,3S9 whereas by the report
Of tho Commissioners they were s3,569,2ll; the
difference ,522-represents the amount OF taxes
taken from expenses ana put in FIRST charges Tho com
PARSONS for the quarter and for six months printed
below under Railroad Earnings
The stock speculation opened the new week with do-
cded bearish" septneatparty because OF the unex-
plained mysteries OF Saturdays bank statement but
moro because of the energy OF belr" talk at tho up
town resorts since Saturday The principal result was
duness with transactions that amounted only TO lGJ,5l7
shares against saturdays dull 10000 shares Prices
are somewhat depressed from the opening figures.
but as rule Saturdays lowest prices were not reached
Money was unusuanyeasy and the talk about flock
I'D" began to be regarded at It's true value. Foreign
exchange was easier altogether everything seemed
10 work unfavorablo to "bear" projects The latest
taki of falling of in earnings for May OF that we shalf
know more after tomorrow but there Is no reason for
placing implicit confidence on that subject
in the false prophets for ApFrs earnings The special
feature OF the day was the decse TO 53 for Fort Worth
and Denver and It's recovery to 565 per cent below
Saturdays closing prices The Street IL anxious TO know
II the decline is because OF private settlement with tbs
shorts or Of manipulation 10 LOOKS IL the iattcr
WINS the cause After o'clock the market gradually
strengthened and almost invariably closed firm az
figures higher than saturdays last prices. -
GoVernnent bonds were duh and rather nrmcr, Win
the bids for the 4s advanced Is per cent Annexed arc
the closing quotations: